Reported about 11 hours ago
The recent U.S. jobs report revealed 256,000 new jobs created, significantly surpassing expectations and contributing to increased wage inflation, which is likely to affect U.S. Treasury bond markets. The report led to higher 10-year Treasury yields and reduced forecasts for imminent Federal Reserve rate cuts, with current projections suggesting no reductions until later in 2025. As a result, U.S. stocks faced declines following the report, signaling market volatility and shifting investor sentiment.
Source: YAHOO